Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price Down 2.1%

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s stock price dropped 2.1% during trading on Wednesday . The company traded as low as $46.46 and last traded at $46.47. Approximately 33,510 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 458,407 shares. The stock had previously closed at $47.47.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research note on Wednesday, January 31st.

Kulicke and Soffa Industries Stock Performance

The company’s fifty day moving average price is $48.97 and its 200-day moving average price is $49.32. The stock has a market cap of $2.63 billion, a P/E ratio of 52.75 and a beta of 1.47.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $171.19 million during the quarter, compared to analyst estimates of $170.00 million. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. During the same quarter last year, the business earned $0.37 EPS. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 88.89%.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 8,771 shares of Kulicke and Soffa Industries stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares in the company, valued at approximately $1,187,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in Kulicke and Soffa Industries by 3.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after buying an additional 91,934 shares in the last quarter. American Century Companies Inc. lifted its holdings in Kulicke and Soffa Industries by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock valued at $137,214,000 after buying an additional 251,773 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Kulicke and Soffa Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,713,210 shares of the semiconductor company’s stock valued at $148,467,000 after buying an additional 42,778 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Kulicke and Soffa Industries by 45.8% during the 4th quarter. Alliancebernstein L.P. now owns 2,109,800 shares of the semiconductor company’s stock valued at $93,380,000 after buying an additional 663,192 shares in the last quarter. Finally, State Street Corp lifted its holdings in Kulicke and Soffa Industries by 4.9% during the 1st quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock valued at $115,628,000 after buying an additional 95,909 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.